The Nevada Gaming Commission in January approved the name change, which heralds the first potential public offering of Stations Casinos shares, albeit, as Red Rock Resorts, in eight years. The rebranding won’t affect how the company continues to operate or how business is done at its individual properties, Haskins said. The company awaits approval from the Securities and Exchange Commission for the public offering. Station Casinos President Richard Haskins said the company’s 19 casino properties in Nevada, Michigan and Northern California will keep their current names, and the Red Rock Resorts brand will be used for selling its stock on Nasdaq.
The company’s new name will be Red Rock Resorts, named after its popular Red Rock Resort Las Vegas casino on West Charleston near the Red Rock Canyon National Recreation Area. Sources tell GGB that Station will delay the IPO for a while, however, until the market improves for gaming stocks. Station Casinos will have a new name as it prepares to undertake its first public offering in years and sell shares on the Nasdaq stock exchange.
